Project DescriptionLos Robles Apartments, a 76-unit community in Vista, was acquired by Community HousingWorks in 2013 with a goal to preserve these homes as affordable to lower income, working families, seniors and people with disabilities. The property was 40 years old and in need of substantial renovation.

Energy Upgrade DescriptionAs part of a larger full-scale renovation, CHW upgraded the individual apartment homes with Energy Star® appliances and installed low-e vinyl windows and new “cool” roofs to the buildings.

Benefits of Multifamily Home UpgradesCHW reports substantial reductions in gas, electric and water usage as a result of the energy efficiency upgrades. Having renovations occur while living on site is always challenging, but for residents, the short-term pain was well worth the long-term gain as they now enjoy improved comfort levels in their homes.

Financial OverviewLos Robles Apartments were originally financed with HUD FHA 236 loan and a LIHPHRA grant. CHW secured new financing for Los Robles that included Low Income Housing Tax Credits and tax-exempt bonds, purchased by Union Bank and the California Community Reinvestment Corporation.